Controladora Vuela Compañía de Aviación (NYSE:VLRS) Price Target Cut to $6.00 by Analysts at TD Cowen

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) had its target price decreased by analysts at TD Cowen from $10.00 to $6.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the transportation company's stock. TD Cowen's price objective points to a potential upside of 63.93% from the company's previous close.

A number of other equities research analysts have also weighed in on VLRS. Itau BBA Securities assumed coverage on shares of Controladora Vuela Compañía de Aviación in a report on Wednesday, February 12th. They set an "outperform" rating and a $12.00 price objective for the company. UBS Group boosted their price target on shares of Controladora Vuela Compañía de Aviación from $10.00 to $14.00 and gave the company a "buy" rating in a report on Tuesday, January 7th. Citigroup reduced their price target on shares of Controladora Vuela Compañía de Aviación from $13.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price target on shares of Controladora Vuela Compañía de Aviación from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Finally, StockNews.com lowered shares of Controladora Vuela Compañía de Aviación from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Controladora Vuela Compañía de Aviación presently has an average rating of "Moderate Buy" and an average target price of $9.27.

Controladora Vuela Compañía de Aviación Trading Up 1.9 %

VLRS traded up $0.07 on Friday, reaching $3.66. 956,104 shares of the company traded hands, compared to its average volume of 778,190. Controladora Vuela Compañía de Aviación has a one year low of $3.50 and a one year high of $9.00. The firm has a fifty day simple moving average of $5.34 and a two-hundred day simple moving average of $7.00. The company has a market cap of $426.75 million, a P/E ratio of 2.20 and a beta of 2.17. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.09.

Controladora Vuela Compañía de Aviación (NYSE:VLRS - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The transportation company reported ($0.44) earnings per share for the quarter, beating analysts' consensus estimates of ($0.54) by $0.10. Controladora Vuela Compañía de Aviación had a net margin of 5.99% and a return on equity of 71.50%. The company had revenue of $678.00 million during the quarter, compared to analyst estimates of $708.83 million. As a group, equities research analysts expect that Controladora Vuela Compañía de Aviación will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in Controladora Vuela Compañía de Aviación during the 4th quarter valued at approximately $14,786,000. Mackenzie Financial Corp acquired a new position in shares of Controladora Vuela Compañía de Aviación in the 4th quarter valued at $4,550,000. ABS Direct Equity Fund LLC purchased a new position in Controladora Vuela Compañía de Aviación in the 1st quarter worth $1,830,000. WCM Investment Management LLC raised its stake in Controladora Vuela Compañía de Aviación by 13.3% in the 4th quarter. WCM Investment Management LLC now owns 2,479,591 shares of the transportation company's stock worth $18,423,000 after acquiring an additional 291,252 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Controladora Vuela Compañía de Aviación in the 4th quarter worth $2,106,000. Institutional investors own 53.32% of the company's stock.

Controladora Vuela Compañía de Aviación Company Profile

Controladora Vuela Compañía de Aviación, SAB. de C.V., through its subsidiary, Concesionaria Vuela Compañía de Aviación, SAP.I. de C.V., provides air transportation services for passengers, cargo, and mail in Mexico and internationally. The company operates approximately 590 daily flights on routes connecting 43 cities in Mexico, 22 cities in the United States, 4 cities in Central America, and 2 cities in South America.